“You can imagine a world where you don’t need clearing houses,” says senior banker
This September issue includes: an Australian regulatory perspective on the over-the-counter landscape; an investigation into a less-cash society; central counterparties; and an evaluation of the Korean repo market
Analysis of risk factors in the Korean repo market based on US and European repo market experiences during the global financial crisis
This paper evaluates the Korean repo market in the light of the global financial crisis.
Derivatives market pioneers co-opt bitcoin tech in bid to transform mainstream markets
Payment system design and participant operational disruptions - Optimal central securities depository reshaping toward TARGET2-Securities - Toward a uniform functional model of the financial infrastructure
In comment letters published last week, banks have taken issue with Basel Committee guidance that would capitalise post-execution exposure to settlement risk
The revised guidance on managing settlement risk could distort the forex market if implemented inconsistently, but should ultimately lead to greater use of CLS, say market participants
David Puth will become the next chief executive of CLS, starting next week, the settlement risk utility announced today
The cash must flow
Moves to overhaul Chaps will cut risk for central bank as well as members, says Chris Salmon, chief cashier at the Bank of England
Banks, market infrastructures and industry associations prepare to move forward with regulatory preparation, now that fx swaps and forwards are set to be exempt
68% of respondents to FX Week online poll believe CLS should be central clearer for FX products, but CLS insists it remains focused on mitigating settlement risk
Decision to join CLS Bank follows change in policy at Citi, Santander's former third-party CLS provider
Deutsche Bank has launched a clearing service that gives investors a real-time view of futures and options trades.
Derivatives guidelines aim for pre-settlement confirmation, simplified compensation claim structure
Three web seminars – in Hong Kong, London and New York – exploring key changes in international OTC derivatives regulation from a regional perspective
Derivatives clearing is one of the hottest regulatory topics at the moment around the world.
A panel-debate style forum moderated by Risk's Nick Sawyer on settlement risk in the foreign exchange marketplace.